An overview of the Consumer Protection from Unfair Trading Regulations 2008 (SI 2008/1277) which implemented the Unfair Commercial Practices Directive (2005/29/EC) in the UK. NOTE: Please note that this Practice note is currently being updated.
This note outlines the FCA and PRA's rules and guidance on outsourcing and also considers the regulators' requirements regarding third party processors and outsourcing by recognised bodies. An overview of EU and international guidance in relation to outsourcing in the financial services sector is included as well. PLC Financial Services has also made available to subscribers PLC's multi-jurisdictional guide on outsourcing. This guide brings together a range of information on current cross-border issues and includes country-specific Q&A guides. Each jurisdiction is described in a separate chapter, written by one of the leading law firms on the subject in that jurisdiction.